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USDA raised its 2026 milk production estimate for the fourth consecutive month to 235.4 billion pounds, and gave a first look at 2027 at 236.0 billion pounds. The Class III 2026 average was projected at $17.00 per cwt, and the import and export forecasts were adjusted.
Rising production forecasts point to ample milk supply, while the higher Class III projection supports dairy prices and dairy-linked feed demand.
dairystar.comThe “Mielke” Market Weekly By Lee MielkeMay 23, 2026After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
